How to cash a cheque without holding a bank account for MR. A? can MR.B who has an bank a/c on behalf of MR.A?

How to cash a cheque without holding a bank account for MR.A? CAN MR.B who has a bank a/c encash chque on behalf MR.A without any taxes to MR.B, WHO HIS MR.A's FRIEND?|||This sounds like a homework question that has absolutely nothing to do with the real world.





If you get a check and you don't have a bank account, just go to the bank where the check is drawn against and they will cash it.





You can also go to any number of check cashing places but they may charge a small feel.|||There are no tax implications here that I can see. However, the answer to your quesion is no. If it is a "crossed" cheque there is no way of cashing it. "A" will have to open a bank a/c and pay it in. Once the cheque has cleared he can draw the cash.





Edit.


If the cheque is crossed it will not be possible for "B" to bank it.|||Mr A should just bypass using Mr B and go to the bank the check was written on.